It would follow that money not spent on taxes in a desirable place would just get competed away for scarce local goods.
Bloomberg (@business)
White-collar professionals who looked to Miami for a lower-tax, cheaper way of life are now finding it's more expensive than New York. bloomberg.com/news/features/…
Link
Miami Is Losing Its Claim to a Cheaper Cost of Living Than NYC
Trading cold, expensive New York City for lower taxes and warmer weather in Miami was long a no-brainer. No more.
bloomberg.com
— https://nitter.net/business/status/2079134264394752004#m